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Asia
UMW Offshore Drilling to supply jack-up rig to SapuraKencana
UMW Offshore Drilling has won a contract to provide a jack-up drilling rig and associated services to SapuraKencana Energy Peninsula…
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Americas
OSG readies its listing on the NYSE
Overseas Shipholding Group (OSG) has finalised its plans for listing its Class A common shares on the NYSE MKT. Shareholders…
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Asia
Indonesia bans ship carrying nuclear waste
The government of Indonesia plans to close its national waters to an approaching vessel carrying nuclear waste because it fears…
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Environment
Emissions from shipping more hazardous than expected, research finds
Researchers from Lund University in Sweden have found that emissions from shipping are more of a health-hazard than previously thought.…
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Dry Cargo
Baltic Dry Index dips below 500 points for first time
Today’s Baltic Dry Index is 498 points, dipping below 500 points for the first time in its history. The index…
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Americas
Scorpio Bulkers gets ultramax loan, fleet now fully financed
Scorpio Bulkers has secured a $12.5m loan from a “major European financial institution” that will partly fund its acquisition of…
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Dry Cargo
Diana Shipping draws down $28m to fund capesize construction
NYSE-listed Diana Shipping has drawn down the remaining $27,950,000 from its term loan facility with ING Bank. Today’s drawdown was…
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Dry Cargo
Baltic Dry Index hits new record low
Today’s Baltic Dry Index (BDI) is 504 points, down 15 points on yesterday’s level and a new all-time low for…
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Europe
Grounded Lysblink Seaways was driven by drink
The grounding of the DFDS Seaways vessel Lysblink Seaways was caused by the officer of the watch (OOW) being drunk…
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Africa
Puma Energy opens two new tank terminals in Mozambique
Puma Energy has offically opened two new terminals in Mozambique for bitumen and fuel, which make Puma’s existing Matola facility…
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Asia
Cosco confirms Chandris’ kamsarmax to aframax swap
Cosco Dalian shipyard has confirmed that Greece’s Chandris has cancelled one of its two 82,000-dwt bulk carriers on order and…
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Dry Cargo
Karadeniz in the market to buy up to three more capes to convert to powerships
Turkey’s Karadeniz has finalised the acquisition of one capesize bulk carrier for conversion to a powership and the purchase of…
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Europe
High-profile executives join Hafnia Tankers board
John Ridgway has joined the board of Hafnia Tankers, along with Esben Poulsson and Jan Bech Andersen, who have joined…
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Europe
Royal IHC buys UK subsea firm Fraser Hydraulic Power
Royal IHC has acquired Fraser Hydraulic Power (FHP), an offshore, marine and subsea technology firm based in Newcastle, UK. The…
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Dry Cargo
Star Bulk delays four bulker newbuildings
Star Bulk has agreed with its shipbuilders to delay delivery of four of its 19 newbuildings until 2016. The four…
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Europe
Sembcorp to build FSO for MODEC
Singapore-based shipyard Sembcorp Marine Rigs and Floaters (SCM) is to build a floating storage and offloading (FSO) for MODEC Offshore…
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Europe
Dong A Tanker sells two brand-new MRs
South Korea’s Dong A Tanker has sold two of its newly delivered MR product tankers to Greek buyers for $69.6m…
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Americas
Eagle Bulk starts making operational changes to ‘redefine’ itself
Eagle Bulk is taking a more hands-on approach to operating its fleet of bulk carriers by taking technical management in-house for…
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Asia
Marco Polo cancels rig construction contract
Marco Polo (MP) Drilling has cancelled its order for a Pacific Class 400 jack-up drilling rig at Singapore’s PPL Shipyard,…
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Americas
Cocaine seized from containership in Colombia
Some 78.4kg of cocaine and heroin have been seized by the Colombian Navy from the containership , which was berthed at…
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